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Barudak posted:Title Insurance exists but works a little differently; by taking out every single official to dinner as many times as you can and showing up at their weddings and spring festivals with red pockets and gifts from the states you can reduce the odds of losing your house and possibly gain the ability to steal your neighbors when it suits you. banging hookers together helps too
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# ? Feb 9, 2015 04:44 |
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# ? May 25, 2024 15:07 |
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That sounds like an ideal system of commerce. I mean sure you gotta break some eggs to make a souffle but at least it's the purest implementation of Marxism IRL. Lol jk Kerala is the best Marxist state in the world
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# ? Feb 9, 2015 04:45 |
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Rime posted:So basically our banks are sitting on vast amounts of thin air, moreso than the US at the height of their bubble, and without the largest economy on earth to bail them out? Pretty much. Same thing as Germany and Switzerland. The volume of collateral required to even keep a 10 billion dollar blow up from happening is around 800 billion at this stage. Which is pretty much more than our entire energy sector combined market cap is trading at; in short, we're FUBAR. Thats in US dollars by the way, so 1.3x that bitch to get what Canadian Tire money will be trading for the pre-bailout.
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# ? Feb 9, 2015 07:15 |
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# ? Feb 9, 2015 09:17 |
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quote:Canadian housing starts beat. 187.3K, expected 178.5K. https://twitter.com/LJKawa/status/564775608430133248?s=09 Doesn't look like the housing market on Canada is going to show any time soon (as a whole).
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# ? Feb 9, 2015 14:22 |
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These arguments that housing is expensive because supply is constrained are mostly nonsense disseminated by people whose self interest is closely related to FIRE. Density and geography have limited impact on price. The single largest contributor to high prices is the availability or expansion of credit.
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# ? Feb 9, 2015 14:34 |
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Cultural Imperial posted:These arguments that housing is expensive because supply is constrained are mostly nonsense disseminated by people whose self interest is closely related to FIRE. Density and geography have limited impact on price. The single largest contributor to high prices is the availability or expansion of credit. Also the that argument that the amazing local economy of places like Melbourne or Vancouver justify the big prices, even though they have less economic production than Houston.
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# ? Feb 9, 2015 16:38 |
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http://www.theglobeandmail.com/repo...rticle22856162/quote:If lower oil prices are as bad for Canada’s economy as rate-cutting Bank of Canada Governor Stephen Poloz insists, the central bank might consider assessing the risks to the economy in a world where constraining carbon emissions becomes less of an abstract notion and more of a daily reality. For a petro-economy such as Canada’s, the financial risks associated with the pending battle against climate change are much greater than any cyclical downturn in oil prices. tl;dr alberta literally needs to fight climate change policies for economic survival lol gently caress you ab
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# ? Feb 9, 2015 19:08 |
etalian posted:Also the that argument that the amazing local economy of places like Melbourne or Vancouver justify the big prices, even though they have less economic production than Houston. I've never heard anyone argue that Vancouver has a good economy. We've got sea ports and sci-fi tv shows.
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# ? Feb 9, 2015 19:30 |
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Reverse Centaur posted:I've never heard anyone argue that Vancouver has a good economy. We've got sea ports and sci-fi tv shows. Really. You've never heard about people arguing how Vancouver's got a healthy vibrant tech scene with Hootsuite leading the vanguard of future tech millionaires along with D-wave, General Fusion and all those other companies writing the Next Great Food App. My brother in law who works for Hootsuite tells me that the hottest thing in Vancouver that everyone is clambering to work for is some start up writing an internet messaging app.
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# ? Feb 9, 2015 19:35 |
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Cultural Imperial posted:Really. You've never heard about people arguing how Vancouver's got a healthy vibrant tech scene with Hootsuite leading the vanguard of future tech millionaires along with D-wave, General Fusion and all those other companies writing the Next Great Food App. Tech only makes up 2% of TSX market cap. Canadian small/micro cap companies are heavily concentrated in energy and financial sectors.
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# ? Feb 9, 2015 19:53 |
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quote:Price gap between condos, houses swells to record level
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# ? Feb 9, 2015 20:25 |
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http://www.theglobeandmail.com/repo...rticle22853195/quote:Time to gauge oil slump’s impact on Canada's housing market 8.7% roflmao what in gently caress
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# ? Feb 9, 2015 20:29 |
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Cultural Imperial posted:http://www.theglobeandmail.com/repo...rticle22853195/ Commodity exposed provinces will probably get bubble burst first, other regions like GTA/Vancouver will have a longer bubble life before the inevitable happens with them too.
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# ? Feb 9, 2015 21:26 |
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etalian posted:Commodity exposed provinces will probably get bubble burst first, other regions like GTA/Vancouver will have a longer bubble life before the inevitable happens with them too. Bold prediction: re in markets like Toronto and Vancouver will not go down until interest rates increase. Only then we'll start to see people first default on line of credit, second to mortgages. Timeline: 5 years from now.
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# ? Feb 9, 2015 21:30 |
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Cultural Imperial posted:Bold prediction: re in markets like Toronto and Vancouver will not go down until interest rates increase. Only then we'll start to see people first default on line of credit, second to mortgages. Didnt it only take 2-3 years for the biggest bubble cities in the USA to get hit? And thats with a way more robust economy than Canada. I still really enjoy my dad comparing Canada's bubble to a game of Jenga, since you really dont see the holes and weak spots in the structure until youre well into the game and everyone seems pretty content that they can just keep building it up Up UP until its too late.
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# ? Feb 9, 2015 21:56 |
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Furnaceface posted:Didnt it only take 2-3 years for the biggest bubble cities in the USA to get hit? And thats with a way more robust economy than Canada. Yeah most of the arguments is claiming that because canadian housing didn't collapse overnight so all the bears are really wrong. Stable well regulated economy that has nothing in common with the US bubble.
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# ? Feb 9, 2015 23:29 |
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"Backing on to the train tracks makes the property more affordable!" Goddamn I love Property Virgins. They passed because the address had "4" in it
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# ? Feb 9, 2015 23:41 |
Are they making new property virgins episodes? I stopped watching and they I thought they cancelled it a few years ago. Also 4 paranoia is a normal thing on the west coast. Most new buildings are at least 5 storeys shorter than they say they are. I considered this when buying my unit in a 70s building, not because I'm superstitious, but because you eliminate 50% of potential buyers if you don't.
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# ? Feb 9, 2015 23:51 |
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FrozenVent posted:They passed because the address had "4" in it That's a chinese superstition. 4 is close to death or something. 8 sounds like treasure, so it's a good number. Apparently.
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# ? Feb 9, 2015 23:54 |
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In cantonese the number 4 is a tonal variance of 'death'.
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# ? Feb 9, 2015 23:57 |
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In a generation all those weird mainland chinese superstitions wont be so prevalent so get on the property ladder now and build haunted hospice condo/laneway death house equity.
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# ? Feb 10, 2015 00:00 |
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No lie, I asked for a license plate with as many 4s as possible to piss my mom off. You can take em out of the hutong but you can't the hutong out
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# ? Feb 10, 2015 00:07 |
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lololololol http://business.financialpost.com/2015/02/09/oil-could-plunge-to-20-and-this-might-be-the-end-of-opec-citigroup/?__lsa=fd7c-172d quote:
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# ? Feb 10, 2015 00:12 |
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http://business.financialpost.com/2015/02/09/alberta-home-resales-to-slide-16-rbc-says/quote:Sales of existing homes will slide 16% in Alberta this year as a plunge in oil drags down the provincial economy, according to Royal Bank of Canada. Isn't this insane? No one wants to buy a house yet housing prices will remain steadfast.
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# ? Feb 10, 2015 00:14 |
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Furnaceface posted:Didnt it only take 2-3 years for the biggest bubble cities in the USA to get hit? And thats with a way more robust economy than Canada. The BoC will raise interest rates when they start seeing inflation creep out of their target range. I don't think we're going to see any meaningful form of inflation for the next 5 years or it will be much too low to bother.
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# ? Feb 10, 2015 00:16 |
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You wont see an effect on the housing market until there is a liquidity squeeze, and that wont hit all demographics or all regions with the same speed/effect. People are over-leveraged but in Canada face fewer squeezes than in the states due single payer healthcare and better social services. I imagine the biggest effect on the real estate market in Alberta will not be people being unable to make payments leading to foreclosure, but people willingly selling at a loss due to them having lost their job and deciding to relocate. In the US a lot of the foreclosing happened in suburbs that were close enough to major cities for people to find shittier jobs but which couldn't support the costs of serving their debts. In Canada, we're talking about commodity boom towns in the middle of nowhere so if the jobs dry up people have to relocate so they will dump their properties on to the market at a loss. A lot of these people haven't been there for long so their ties to those areas aren't that strong and will feel the pull of their long distance support network as opportunities dry up. cowofwar fucked around with this message at 00:28 on Feb 10, 2015 |
# ? Feb 10, 2015 00:25 |
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cowofwar posted:In a generation all those weird mainland chinese superstitions wont be so prevalent so get on the property ladder now and build haunted hospice condo/laneway death house equity. My solution: All new condo constructions in Vancouver downtown must also build a new cemetery or hospice home next door.
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# ? Feb 10, 2015 00:40 |
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Throatwarbler posted:All property in China is leasehold. What I'm talking about isn't even a leasehold, it's a construction that is technically illegal, with no authority or approval from the level of government above the one you are dealing with. You don't actually get anything for your money other than a lower level goverment official shaking your hand and promising that if your money is good you can live in this house (that we illegally built without authorization). Oh, so the Uber of housing.
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# ? Feb 10, 2015 01:30 |
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Cultural Imperial posted:No lie, I asked for a license plate with as many 4s as possible to piss my mom off. Ok this really is awesome.
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# ? Feb 10, 2015 03:08 |
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My friend lived at number 48 and his mom blamed any and all problems on this unlucky number and, when she finally cut off her toes while mowing the grass (yes, she was wearing flip flops), they moved. They only bought the place because it was cheap and her husband didn't believe in superstitious bullshit.
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# ? Feb 10, 2015 06:02 |
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jet sanchEz posted:My friend lived at number 48 and his mom blamed any and all problems on this unlucky number and, when she finally cut off her toes while mowing the grass (yes, she was wearing flip flops), they moved. They only bought the place because it was cheap and her husband didn't believe in superstitious bullshit. Did moving fix his mother's unrelenting stupidity, or no?
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# ? Feb 10, 2015 06:06 |
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Put a 4 in all of Vancouver's street numbers.
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# ? Feb 10, 2015 06:10 |
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etalian posted:Put a 4 in all of Vancouver's street numbers. You laugh but burnaby was letting people apply to renumber their houses. All the mainlanders on my block applied for 8s asap.
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# ? Feb 10, 2015 06:13 |
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Weird BIAS posted:Ok this really is awesome. My vietnamese friend was reluctant to move closer to her invasive mother, but ended up getting a condo with the number 404 to keep her away.
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# ? Feb 10, 2015 06:14 |
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Jan posted:My vietnamese friend was reluctant to move closer to her invasive mother, but ended up getting a condo with the number 404 to keep her away. As a web developer, I find that a deeply inauspicious number and would avoid it. The only worse thing would be... 500... EDIT: I'm joking above, obviously, but some people seem to take this very seriously. Leading me to my next question: are Chinese people predisposed to be retarded or something? Between this and their fixation on using rare animal parts to cure diseases, it seems like there's something very broken in that culture. PT6A fucked around with this message at 06:18 on Feb 10, 2015 |
# ? Feb 10, 2015 06:15 |
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Cultural Imperial posted:You laugh but burnaby was letting people apply to renumber their houses. All the mainlanders on my block applied for 8s asap. better plan, allow 8s only in Surrey give the more desirable areas 4s.
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# ? Feb 10, 2015 06:16 |
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PT6A posted:As a web developer, I find that a deeply inauspicious number and would avoid it. The only worse thing would be... 500... have you not read any of my loving posts
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# ? Feb 10, 2015 06:20 |
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PT6A posted:EDIT: I'm joking above, obviously, but some people seem to take this very seriously. Leading me to my next question: are Chinese people predisposed to be retarded or something? Between this and their fixation on using rare animal parts to cure diseases, it seems like there's something very broken in that culture.
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# ? Feb 10, 2015 06:33 |
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# ? May 25, 2024 15:07 |
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There's not much to be said about a culture that's wiped out multiple rare species in a vain attempt to cure the small penis problem.
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# ? Feb 10, 2015 06:42 |